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MetLife lays out strategy in 'too big to fail' court fight

MoreThe MetLife building is seen in New York, March 8, 2010. REUTERS/Shannon Stapleton

WASHINGTON (Reuters) - MetLife Inc showed how it intends to fight federal regulators' arguments that it is "too big to fail" in a court brief filed Monday and added a new issue to its contention they used a flawed process to determine the company could damage the U.S. financial system if it faces distress.

On March 30, U.S. District Judge Rosemary Collyer rescinded the "systemically important financial institution" designation of MetLife made by the Financial Stability Oversight Council, which consists of the heads of all financial regulatory agencies. The designation, created in the 2010...